Amendment status not verified — confirm the current text below against the official source.
(1) [he aenllgement. control and ~u.bl ic administration of every publ ic ::nsti tution lnstitu- maintained out of Municipal Fund veut in the tiona. Municipality. (2) When any public institution has been placed under the dir~ction, manaqt,jaent and control of e Municipal ity all property, endowments and funds belooqinq thereto shall be held by the Municipality in trust far the purpoees to WhlCh such property, endQl~nts and funds were lawfully applicable at the time when the lnstitution was so placed: Provided that the extent of the 'independent authority of the municipality in reep!ct of any such mat a tution may be defined by the AdlDinietrator: Provided t urther that nothing in t nfs sectioo shall be· held to prevent the vestirlq of ClOy tl-uat-propert), in the Treasurer of Charitable Endowments under the Charitable Fndow_nts Act.